RE: Where's retired29 Mar 2019 18:52
Roy like you i have a considerable amount invested here, we’ve been dropping recently but thats just the nature of the beast with aim. I’ve been happy to add on the dips as the guys in charge have my full confidence.
Not really sure what will happen to the SP come Monday, what i am confident in, is the board and DB to get us out of the mess the previous guys in charge left.
We have a world class asset, everything going for us, lots and lots of money to be made and the banks are well aware of this and know once DB gets the mine operating above 60% production capacity (which SP alluded to in their recent blog, whispers are we have been running above 60% since Jan) they will get the money their owed, no questions asked.
DB has said he wants us up to nameplate by June, what i do know is at nameplate we are worth at least 10p a share, i also know the mtl website was updated this week with a lot of emphasis put on shareholder value...were not talking about a sefton run company here, as SP states this is a ‘rolls royce operation’. These guys dont make statements they cant back up and dont use phrases like ‘confident the agreement will be signed’ lightly, you can check previous rns releases and the website to get an idea of the operations here.
We are at all time lows currently, todays 70% rise (as good as it was) is scratching the surface, we should and over the coming months will be much much much higher. We’ve not wasted our time drafting a standstill agreement (that was initially proposed over 2 weeks ago) if we werent confident it was going to get signed, clearly the dialogue from proposing it over 2 weeks ago to todays final form versions was positive and will result in the banks signing.
With a standstill agreement in place it allows DB to focus fully on getting the mine to 100% production, the banks know once this has been achieved their debts (however large they may seem to those new here, but in reality are not that big considering the mine cost 250m to get up and running and our debts stand at 90m) will be cleared fully within 6-9 months. We have a 1.4bn asset with potential for further exploration, this is not a mickey mouse operation, this is massive and those buying in today should count their blessing as under a penny is a steal, an absolute steal - that said, there is still risk until agreement is signed but on confirmation come Monday, this will only be moving north going forward over the coming months (just a case of filtering out the day traders first - good on you by the way).
For those wanting to stay for longer than a morning i would urge you to read back posts through the last few weeks on here to get a better understanding of mtl and also pop over to the website. Remember, we currently produce and sell GOLD - our 2 major shareholders own 65% of stock available with around another 20-25% owned by institutions, we have an excellent relationship with lenders and govern